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Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million.
Mentions: IVAC
Semiconductors are the core infrastructure powering the Information Age. But they’re also susceptible to economic fluctuations as chip demand will ebb and flow with capital spending. Unfortunately, it’s unclear if we’re primed for another upswing as the industry’s 5.4% return has lagged the S&P 500 by 10.5 percentage points.
Check out these three stocks that Wall Street analysts at Morgan Stanley recently named among their "top picks" for 2025.
IT hardware stocks dip after DeepSeek news, but analyst sees growth potential in Corning, Hewlett Packard Enterprise, Western Digital, Seagate Technology and Apple due to specific catalysts.
Seagate Technology shares jumped Wednesday as analysts raised their price targets for the data storage provider's stock after the company's quarterly results topped estimates.
Mentions: MS
Cantor Fitzgerald analyst retains Neutral rating and $120 price target for Seagate Technology. Company beat revenue consensus for second quarter of FY25.
CEO Dave Mosley said the company is in a great position to “deliver profitable growth” in fiscal year 2025.
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